Based on Monday’s 5-day breakout pattern.
Price can continue to move upwards into Tuesday’s highs:- break & extend"
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DOW and S&P monthly
This week's up trend is based on the first 3-days rising into a higher Wednesday.
This is a continuation of SET-UP B:- November 50% levels support and moving back towards the highs.
There was a breakout on Monday so the expectation is to continue higher on Tuesday
We can see the DOW breaking above the November highs, whilst the S&P remains below those levels, so it will be interesting to see where Wednesday closes.
I have a higher target on the DOW @ 10709 (December), with the S&P @ 1126, but whether it gets to those levels will be based on Wednesday's close, and subsequent two day pattern thereafter into Friday's close.
Lesser timeframe levels and 5-day pattern in the Premium Report
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